I logged into my student loan account, as I had a year left or so of payments. Realized it was less than expected, and that I had enough in my account to cover what remained. So I sent a payment for the full amount.
Bachelor’s degree from 2001 left me at 13k.
Master’s degree from 2003 brought it to $36 k.
Had a low paying job until I went back to school in 2013. Couldn’t make a dent in it. Between prerequisites to get in, and the second master’s degree from 2016 brought it to $129k.
I lived simply on a good paying job. Paid more than required. Took my hiring bonus and threw it at loans. Took the other bonuses and threw them at loans. Every time I had a bit of extra money accruing in my bank account, it went to loans. Then today, I paid a lump sum, and it’s clear! What a relief!
Paid off 28 years of debt accrual today!
byu/Hot-Freedom-1044 inStudentLoans
Posted by Hot-Freedom-1044
3 Comments
Yeah! Congratulations! That is so well done. 🙂
Congratulations!
Congrats!! Definitely give yourself a budget-friendly treat to celebrate, then make sure you’re on track for retirement savings! I highly recommend the r/personalfinance wiki for advice on that